Corient Private Wealth LLC acquired a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 32,482 shares of the company’s stock, valued at approximately $790,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CWM LLC acquired a new position in shares of NYLI MacKay Shields Municipal Intermediate ETF during the fourth quarter worth $26,000. CIBC Private Wealth Group LLC acquired a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the fourth quarter valued at about $27,000. BOKF NA bought a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the third quarter worth about $53,000. Root Financial Partners LLC bought a new stake in shares of NYLI MacKay Shields Municipal Intermediate ETF during the fourth quarter worth about $83,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of NYLI MacKay Shields Municipal Intermediate ETF by 16.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,056 shares of the company’s stock valued at $97,000 after buying an additional 584 shares during the period.
NYLI MacKay Shields Municipal Intermediate ETF Stock Performance
Shares of NYSEARCA MMIT opened at $24.37 on Friday. The company has a 50 day simple moving average of $24.30 and a 200 day simple moving average of $24.38. NYLI MacKay Shields Municipal Intermediate ETF has a 1 year low of $23.68 and a 1 year high of $24.77.
NYLI MacKay Shields Municipal Intermediate ETF Company Profile
The IQ MacKay Municipal Intermediate ETF (MMIT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to provide enhanced total-return potential by investing mainly in investment-grade, AMT-free US municipal bonds with duration between 3-10 years. MMIT was launched on Oct 18, 2017 and is managed by IndexIQ.
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Want to see what other hedge funds are holding MMIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NYLI MacKay Shields Municipal Intermediate ETF (NYSEARCA:MMIT – Free Report).
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